Insider Selling: Regional Management Corp. (NYSE:RM) Major Shareholder Sells $177,550.00 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 5,300 shares of Regional Management stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00. Following the transaction, the insider now owns 1,080,802 shares in the company, valued at approximately $36,206,867. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Monday, January 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The stock was sold at an average price of $33.46, for a total value of $209,626.90.

Regional Management Stock Down 0.3 %

Shares of NYSE RM opened at $32.86 on Thursday. Regional Management Corp. has a 52-week low of $20.50 and a 52-week high of $35.24. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The company’s 50 day moving average price is $31.99 and its 200-day moving average price is $31.12. The company has a market capitalization of $333.96 million, a P/E ratio of 13.81 and a beta of 1.50.

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. Regional Management’s dividend payout ratio (DPR) is currently 50.42%.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company.

Institutional Trading of Regional Management

A number of large investors have recently bought and sold shares of RM. Rhumbline Advisers lifted its position in shares of Regional Management by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 463 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Regional Management by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock worth $138,000 after purchasing an additional 572 shares in the last quarter. State Street Corp grew its stake in shares of Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after buying an additional 971 shares during the period. Renaissance Technologies LLC grew its stake in shares of Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after buying an additional 1,800 shares during the period. Finally, Empowered Funds LLC increased its position in Regional Management by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock valued at $1,362,000 after buying an additional 2,010 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.